🚀 go-pugleaf

On Jul 31, 1:36 pm, "M.I. Wakefield" <bed...@sympatico.ca> wrote:
> "The Doctor" <doc...@doctor.nl2k.ab.ca> wrote in message
>
> news:j14dmm$rck$1@gallifrey.nk.ca...
>
>
>
>
>
> > In article <20110731-144725.88...@abc.shawnews.vc.shawcable.net>,
> > abc  <a...@a123.ca> wrote:
> >>Canada's budget deficit narrows
>
> >>July 29, 2011
>
> >>OTTAWA - Canada's budget deficit shrank in April and May from the same
> >>period a year earlier as revenues increased by 2.9%, the Finance
> >>Department said Friday.
>
> >>The federal government shortfall for the first two months of fiscal 2011
> >>-12 was $3.3-billion, down from a deficit of $4.43-billion for April and
> >>May last year.
>
> >>For April of this year, the deficit totalled $442-million, down from
> >>$2.44-billion a year earlier, while the government had a $2.86-billion
> >>shortfall in May, compared with $1.99-billion in May 2010.
>
> >>Revenues during those two month rose by $1.1-billion to $38.3-billion,
> >>reflecting gains from personal taxes (up $1.4-billion, or 7.8%) and
> >>corporate taxes (up $400-million, or 10%), as well as employment
> >>insurance premiums (up $300-million, or 8.5%.
>
> >>Those increases were partly offset by lower revenues from the goods and
> >>services tax.
>
> >>Meanwhile, program expenses declined by $700-million, or 2%, mainly the
> >>result of lower transfer payments.
>
> >>In its June 6 budget, the government trimmed its deficit forecast for the
> >>current year and said it would eliminate its deficit ahead of schedule.
>
> >>Finance Minister Jim Flaherty said that following a spending review the
> >>government "will achieve $4-billion in annual savings and allow the
> >>government to return to budget balance by 2014-15, one year earlier than
> >>previously planned."
>
> >>In the pre-election March budget, Mr. Flaherty had forecast the deficit
> >>would be erased by 2015-16.
>
> >>For 2010-11, preliminary estimates put the shortfall at $36.2-billion,
> >>down from the previous forecast of $40.5-billion. The government expects
> >>a 2011-12 deficit of $32.3-billion.
>
> > Can the auditor general please verify?
>
> That's not what the AG does; they examine program spending.
>
> Also, the numbers are produced by the Department of Finance, which is
> apolitical.- Hide quoted text -
>
> - Show quoted text -

Cdns made a wise choice when they voted in the fiscally responsible
and ethical Tories into power with a majority.